GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 19

Question 5. Question : Effective implementation of activitybased costing (ABC)
requires:
Student Answer:
Normally the assistance of a consultant.
A sophisticated and expensive computer system.
Support of top management and key employees.
Capturing properly the complexity of the data.
ABC has no significant implementation issues.
Question 6. Question : Which of the following would likely
be the most appropriate cost
driver of electric power used by machines?
Student Answer:
Number of units.
Machine size.
Number of machine hours.
Number of production runs.
Purchase cost of machines.
UNIT 2 QUIZ